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News & Articles By Garrison Vance
07/26/2026
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By Garrison Vance
Pakistan Warns of Military Response to Yemeni Blockade in Red Sea
Houthis Impose Maritime Embargo on Saudi Shipping The Ansarallah-led Yemeni Armed Forces, commonly known as the Houthis, declared a full maritime embargo against Saudi Arabia on July 20, according to a statement from military spokesman Yahya Saree. The announcement, reported by NaturalNews.com, stated the embargo was effective immediately and based on an “eye for an […]
07/26/2026
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By Garrison Vance
Dubai Offers Residents Rewards to Attract Visitors as Tourist Numbers Plummet Amid War
The Dubai Department of Economy and Tourism (DET) has launched a new initiative, called Dubai Invite, that rewards residents for encouraging friends and family to visit the emirate, officials said. The program offers a benefits package valued at more than 3,000 Emirati dirhams (about $816) including hotel stays, dining deals, and attraction tickets, according to […]
07/24/2026
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By Garrison Vance
Shipping Firms Offer ‘Massive Bonuses’ for Strait of Hormuz Crossings, Report Says
South Korean shipping operator Sinokor Group has offered crews six months of extra salary for a return voyage through the Strait of Hormuz, according to a document seen by Bloomberg and cited in a July 20 report. The offer follows a wave of attacks that have killed 17 seafarers and disrupted commercial shipping in and […]
07/16/2026
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By Garrison Vance
Gulf States Signal Openness to Strait of Hormuz Fees, Reject Iranian Control
Several Arab Gulf states have privately indicated to U.S. and European officials that they are not opposed to paying a fee for transiting the Strait of Hormuz, but they reject any arrangement that gives Iran control over the waterway, according to multiple U.S. and regional officials familiar with the discussions. The distinction between accepting a […]
07/13/2026
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By Garrison Vance
Russia Bans Diesel Exports Following Ukrainian Strikes on Refineries
Russia has imposed a ban on all diesel exports, effective immediately, according to Deputy Prime Minister Alexander Novak. The decision, announced at a government meeting with President Vladimir Putin, closes a loophole that had previously allowed self-producing oil companies to export fuel. “Today we introduced ban on exports of diesel,” Novak said, according to state […]
07/12/2026
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By Garrison Vance
IMF Cuts Global Growth Forecast to 3% on Iran War Impact
IMF Downgrades 2026 Global Growth Outlook The International Monetary Fund has reduced its 2026 global growth forecast to 3%, down from 3.5% in 2025, according to the fund’s July 8 World Economic Outlook update. [1] confirmed that the IMF would decide on its growth scenarios in that update. The IMF warned that the ongoing conflict […]
07/12/2026
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By Garrison Vance
Germany to Impose Energy Levies to Fund Emergency Gas Reserve
The German government confirmed plans to build a strategic gas reserve equivalent to 10% of the country’s storage capacity, according to the Federal Ministry of Economic Affairs. The reserve will be filled over 2027 and 2028, with establishment costs of €1.5 billion ($1.7 billion) and annual maintenance of up to €310 million ($353 million), Bloomberg reported. […]
07/10/2026
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By Garrison Vance
U.S.-Iran Strait of Hormuz Clash Threatens Fragile Maritime Deal
Strait of Hormuz Clash Erupts Again After MOU Signing The United States struck 80 targets in Iran with precision munitions after Iranian forces fired on several commercial ships transiting the Strait of Hormuz without prior coordination with Tehran, according to a report by Trita Parsi published by Antiwar.com. The attack on Tuesday, July 7, 2026, […]
06/29/2026
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By Garrison Vance
From Warning Shots to War Strikes: U.S. and Iran Trade Blows in the Strait of Hormuz, Threatening Global Shipping
The United States and Iran carried out retaliatory strikes on Friday, marking the first direct military exchange since the interim peace deal signed on June 17. The escalation began with a drone attack on the Singapore-flagged container ship Ever Lovely in the Strait of Hormuz on Thursday, which the Trump administration attributed to Iran. U.S. […]
06/29/2026
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By Garrison Vance
IMO: Iran and Oman Begin Coordinated Evacuation of Stranded Vessels Through Strait of Hormuz
The International Maritime Organization (IMO) announced Tuesday, June 23, that Iran and Oman will coordinate a large-scale evacuation of vessels stranded in the Persian Gulf – initiating the first phase of clearing the Strait of Hormuz since the outbreak of war between the U.S./Israel and Iran on Feb. 28. According to the IMO, more than 11,000 […]
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